Socialist-Wannabe O: Capitalism Doesn’t Work

Well, well, well. Barack Obama – for the most part – has refrained from coming right out and saying that free markets and individualism are failed concepts. Sure, he’s railed endlessly against “greedy corporations” and “the rich” not paying their “fair share,” but he’s never actually said publicly that capitalism and individualism don’t work – until now.

In his class-warfare speech in Osawatomie, Kansas last week, our socialist-wannabe president finally dropped all pretenses of believing in individual achievement, free enterprise and American capitalism. Karl Marx would be proud.

Yep, according to Comrade Obama, capitalism is a theory that has “never worked.” He ludicrously argues that its appeal “can’t be justified by results,” and that its popularity is based on America’s preference for an economic ideology that “fits well on a bumper sticker.” (Kinda like “yes we can” and “hope and change.”)

Dude might have claimed to be channeling Teddy Roosevelt in his divisive speech, but he sounded a hell of a lot more like Hugo Chavez to the Rat.

Obama seems to feel that capitalism speaks to the flaw of America’s core – and to a false sense of decency. He mocks individualism while hinting at a zero-sum game; an unfair game where individual achievement creates an unwarranted skepticism of the benefits of government. As is always the case on Planet Obama, evil corporations and the rich have exploited the poor and the middle class mercilessly – all for their own selfish gains.

One would think that if any of Obama’s three “achievements” over the past three years – ObamaCare, a dramatic increase in corporate regulation, and his self-proclaimed “stimulus” plan – had been successful in the least, this class warfare warrior would be touting his non-capitalist victories vs. simply tearing down capitalism itself.

1 reply

I know he makes your head explode, but I liked the speech. I actually wish Ron Paul could be the GOP nominee. He makes my head explode sometimes, but at least he puts out solid policy ideas without all the socialist, birth certificate rhetoric. I’ve heard him say he thought Reagan was too liberal. Talk about a free market – he doesn’t even want government regulation at all – he says get rid of the war on drugs and make everything legal. Their debates would be so interesting. Anywho…

The video leaves out the part where he said trickle down economics is a theory that fits nicely on a bumper sticker. That’s what he said doesn’t work, not capitalism.

I don’t think he’s against capitalism, I think he (like most Americans) think you have to have at least some regulations in place to protect people. Earlier in his speech he talked about looking back into history….

“Theodore Roosevelt disagreed. He was the Republican son of a wealthy family. He praised what the titans of industry had done to create jobs and grow the economy. He believed then what we know is true today, that the free market is the greatest force for economic progress in human history. It’s led to a prosperity and a standard of living unmatched by the rest of the world.
But Roosevelt also knew that the free market has never been a free license to take whatever you can from whomever you can. He understood the free market only works when there are rules of the road that ensure competition is fair and open and honest. And so he busted up monopolies, forcing those companies to compete for consumers with better services and better prices. And today, they still must. He fought to make sure businesses couldn’t profit by exploiting children or selling food or medicine that wasn’t safe. And today, they still can’t.

Now, for this, Roosevelt was called a radical. He was called a socialist – even a communist. But today, we are a richer nation and a stronger democracy because of what he fought for in his last campaign: an eight-hour work day and a minimum wage for women, insurance for the unemployed and for the elderly, and those with disabilities; political reform and a progressive income tax. ”

I just don’t think Obama is this nut job socialist some people on the right make him out to be.